Office

New Jersey’s office market is evolving by the day, but this fact remains: The state’s location and educated workforce make it a highly desirable place for tenants of all shapes and sizes.

Professional Services
Kislak sees opportunity in market uncertainty, backed by deep ties and decades of service

Leaders of The Kislak Co. Inc. see a resilient market and sustained demand from property investors in 2023 — despite a short-term slowdown amid rising borrowing costs — arguing that buyers and sellers will still find value in multifamily and commercial assets.

Professional Services
PS&S opens new office in Cherry Hill, its longtime South Jersey home

PS&S has opened the doors to its new office in Cherry Hill, where it will continue to serve longtime clients in southern New Jersey and the Delaware Valley.

Events
From the publisher: Join us June 7 for The Newark Redevelopment Update

Real Estate NJ is going to have a seminar on June 7 at NJIT regarding Newark and its revitalization. Newark means a lot to me. I grew up in Maplewood and took the bus with my friends to downtown Newark to hang out on Broad Street. We would go into Bamberger’s, Hahne’s, S. Klein on the square, etc. After the riots of 1967 Newark changed dramatically and has still not recovered from the stigma of that event. Over the last 15 years I have spent a lot of time in Newark in philanthropic endeavors and have been disappointed that Newark has not made the progress in revitalization that I had hoped it would.

Retail
JLL: Middle Eastern-themed quick-service eatery takes 3,000 sq. ft. in Jersey City

A quick-service Middle Eastern restaurant is coming to Jersey City after leasing 3,000 square feet at the base of a waterfront office building, according to a broker with JLL.

Office
Inspired by Somerset Development launches third-party buildout, tenant improvement arm

The developer behind the acclaimed Bell Works campus in Holmdel has launched a third-party design and construction business, seeking to draw from its experience of building flexible, modern office spaces at the 2 million-square-foot property.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Office
Sanzari adds business law firm to Court Plaza with new 5,900 sq. ft. lease

A business law firm has leased more than 5,900 sq. ft. at Court Plaza, Alfred Sanzari Enterprises’ three-building office complex in downtown Hackensack.

People
Sack Business Alliance names new executive director

The Main Street Business Alliance in Hackensack has tapped a veteran entrepreneur and executive as the new head of the special improvement district.

Office
AEP sells renovated 121,000 sq. ft. office building in Warren, in C&W-brokered deal

American Equity Partners has sold a nearly 121,000-square-foot office building in Warren, following its 2016 purchase and subsequent upgrade of the property off Interstate 78.